Business/In Brief • Oct. 3, 2013

Bankruptcies hit lowest level in 5 years

October 3, 2013

HONOLULU - The number of Hawaii residents and businesses filing for bankruptcy fell in September to the lowest level in more than five years.

The Honolulu Star-Advertiser reported 153 bankruptcies were filed in September, down more than 4 percent from the same month a year ago. That's the smallest number since February 2008 when there were 141.

Most were filed under Chapter 7 of the federal bankruptcy code, which calls for the liquidation of debtor assets.